Accreditation and CLE Rules for Texas

The National Academy of CLE is designated as an "Accredited Sponsor" by the State Bar of Texas, Sponsor #12539. You can see our official approval letter here: TX_Approval.pdf. Texas attorneys may fulfill all 15 CLE credits with the National Academy of Continuing Legal Education.

All programs offered by NACLE are approved by the State Bar of Texas and are therefore considered “Accredited CLE” activities. Texas Attorneys may fulfill all 15 hours with multiple formats including DVDs, Audio CDs, Online & iOS/Android App!

Your Texas MCLE compliance year is a one-year period that begins on the first day of the month you were born.
It ends one year later on the last day of the month that precedes your birth month.

Each attorney has an automatic grace period, the end of his or her birth month, in which to complete and report MCLE hours for that compliance year. All your Texas CLE must be completed and reported (received by the MCLE Director) by the last day of the birth month in order to avoid a non-compliance penalty fee.

Description

Clients depend on their lawyers for creative solutions to risks they face in their day-to-day business, and to resolve roadblocks that prevent important transactions from closing. In this CLE course, Kenneth R. Pierce discusses the use of specialty insurance products to indemnify clients for potential tax liability, to facilitate the financing of alternative assets, and as a form of balance sheet capital for certain regulated companies.

“Reps and warranties” insurance is now a standard tool to facilitate mergers and acquisitions. In this course, Mr. Pierce goes “beyond reps,” providing case studies and transaction diagrams to illustrate how insurance is being used in novel ways for broader corporate finance purposes. It is critical for lawyers to be aware of the existence of these insurance products and to be equipped to structure and negotiate the terms of coverage which are necessary to achieve their clients’ objectives.

Lecturer Bio

Kenneth R. Pierce, Esq.

Kenneth R. Pierce is a Managing Principal of Vanbridge LLC. Mr. Pierce has over 30 years of experience, serving the insurance industry as both a lawyer and as a lead structurer within investment banks. Prior to joining Vanbridge, Mr. Pierce was a senior partner and Global Head of the Insurance Industry Group at Mayer Brown LLP. Prior to his career at Mayer Brown, Mr. Pierce was an Executive Director and co-head of Reinsurance Solutions at Morgan Stanley, a partner at Cadwalader, Wickersham & Taft, and a Senior Vice President at Lehman Brothers, where he was part of the pioneering team that founded Lehman Re Ltd. and worked on some of the first catastrophe bonds, XXX solutions and other convergence products.

Mr. Pierce has been at the forefront of the insurance-capital markets convergence area for the past 15 years. Chambers USA described Ken as “peerless in terms of structuring acumen, given decades of first-hand experience not only as an attorney but also as an investment banker in the insurance industry.” Mr. Pierce has been the lead structurer on more than 100 reinsurance convergence transactions, including sidecars, cat bonds, life insurance capital relief, reserve financing, embedded value and closed block financings, runoff, pension de-risking, life settlement, private placement life insurance, and many other transactions aggregating to several billion dollars.

Mr. Pierce received his A.B. from Brown University, magna cum laude, Phi Beta Kappa and his J.D. from Harvard Law School.

The National Academy of CLE is designated as an "Accredited Sponsor" by the State Bar of Texas, Sponsor #12539. To view our full accreditation details, please click here.

Keep me logged in on this computer

Check this option if you would like us to remember you on this computer so you do not have to log in each time you want to access your account.
Do not check this box if you are on a public or shared computer.

Chat with CLE Specialist

Please provide an email address and phone number to continue.

Your message has been sent to one of our CLE specialists. We will contact you shortly.